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Thread: Bob

  1. Bob
    Bob is offline Junior Member
    Join Date
    Feb 2008
    Location
    Connecticut & Rhode Island
    Posts
    2

    Bob

    Service Bond:If the bond/penal amount is 10% of the contract,is the premium based on bond or contract amount?
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  2. marietta68
    marietta68 is offline Surety Professional
    Join Date
    Jul 2007
    Posts
    112

    Quote Originally Posted by Bob
    Service Bond:If the bond/penal amount is 10% of the contract,is the premium based on bond or contract amount?
    Most bond companies have rates filed for both options, but it's most common to base the premium on the amount of the contract.
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  3. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    Bob, it says in your Bio that you are a bond producer. Surly you knew the answer to that question!

    Testing the forum members' knowledge are ya?
    Surety Bond Articles
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